Regency Centers Corporation $REG is probably bearish and we should expect resistance around $60. REG Daily Chart(click to enlarge)Key Breakouts:- The daily chart shows a market that has been bullish since 2011 when price bounced off of $32 a share.- Price peaked just above $85 in 2016, but has since been falling.- I think price is still bearish and if it is, we should see resistance at $60. - Note the bearish breakout from the rising trendline, a neckline, and the 200-, 100-, and 50-day simple moving averages (SMAs).- If there is a break above $60, we should monitor $62.50 as the next key resistance.- There should be downside back to $55. A break below opens up $50. We should keep the bearish outlook limited to $45, which is a key support/resistance pivot.